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- 1.Use a Venn-diagram to perform a qualitative risk assessment, indicating the likelihood%, category, frequency, severity, and RHC score for climate, pest infestations, soil erosion, market volatility and supply chain management risk of corn. 2.Plot the risks from the Venn diagram on a Risk Heat Map/ChartWhat is assignable cause of variation? How is it applied to statistical application of quality management and how can it be used in business?What is meant by Statistical Quality Control (SQC)?
- Explain the concept and use of statistical quality control? Name control charts that can be used1.Conduct a qualitative risk assessment for climate change, soil erosion, market volatility, and supply chain using a Venn-diagram to indicate the likelihood%, category, frequency, severity, and RHC score for corn. 2.Plot the risks from the Venn diagram on a Risk Heat Map/Chart.S Book Hint Print eferences Problem 13-2 (Algo) A metal fabricator produces connecting rods with an outer diameter that has a 1 ± 0.02 inch specification. A machine operator takes several sample measurements over time and determines the sample mean outer diameter to be 1.004 inches with a standard deviation of 0.006 inch. Calculate the process capability index for this example. (Round your answer to 3 decimal places.) Process capability index
- In response to intensive foreign competition, the management of Florex Company has attempted over the past year to improve the quality of its products. A statistical process control system has been installed and other steps have been taken to decrease the amount of warranty and other field costs, which have been trending upward over the past several years. Costs relating to quality and quality control over the last two years are given below: Costs (in thousands) Last Year This Year Inspection $ 720 $ 909 Quality engineering $ 450 $ 765 Depreciation of test equipment $ 675 $ 270 Rework labor $ 1,080 $ 1,530 Statistical process control $ 0 $ 225 Cost of field servicing $ 1,350 $ 1,260 Supplies used in testing $ 45 $ 81 Systems development $ 720 $ 900 Warranty repairs $ 3,780 $ 1,620 Net cost of scrap $ 630 $ 1,170 Product testing $ 900 $ 1,800 Product recalls $ 3,150 $ 900 Disposal of defective products $ 810 $ 1,080 Sales have been flat over the…2) The specification for a Lindemann’s stainless steel chimney liner requires a thickness of 7.1 mm ± 0.1 mm. The firm’s quality analyst determines that the liner process operates at a mean thickness of 7.13 mm with the standard deviation of the process being 0.02 mm. a) Calculate the upper and the lower limits for the stainless steel chimney liner. b) Calculate the Cpand Cpkfor this process. Hint: Cp = (Upper Specification Limit – Lower Specification Limit)/6sigma Cpk = minimum of [(Upper Specification Limit – Xbar)/3sigma], [(Xbar – Lower Specification Limit)/3sigma]REPOSTING QUESTION FOR PART 2 Consider the following table: SS DF MS Test Statistic Among Treatments 1664.4 Error ? 11 370.45 Total 16 Step 4 of 8: Calculate the value of the test statistic. Please round your answer to two decimal places. Step 5 of 8: What is the sum of squares of sample means about the grand mean? Please round your answer to two decimal places. Step 6 of 8: What is the variation of the individual measurements about their respective means? Please round your answer to two decimal places. Step 7 of 8: What is the critical value at the 0.05 level? Please round your answer to four decimal places, if necessary. Step 8 of 8: Is the test statistic significant at 0.05?